Wednesday 7 September 2016

Opening Bell - Sensex, Nifty rally in early trade

At 9:15 AM, the S&P BSE Sensex is trading at 29,036 up 58 points, while NSE Nifty is trading at 8,969 up 26 points.

Asian shares opened mixed.  Shanghai Composite and Hang Seng are trading in green, while Nikkei 225 is in red.

Wall Street closed higher on Tuesday. The Dow Jones industrial average rose 0.25%, to end 18,538.12 points, the S&P 500 gained 0.3%, to close at 2,186.48 points. The Nasdaq closed 0.5% higher, at 5,275.91 points.

The dollar tumbled after economic data showed the US service sector grew at its slowest pace since early 2010, which dimmed expectations for a near-term interest rate increase from the Federal Reserve.

Today, Prime Minister Narendra Modi to attend the 14th ASEAN-India Summit and the 11th East Asia Summit in Laos. Select auto companies will gain attention as the National Green Tribunal will hear the diesel vehicle ban case today.

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